ProchargedMopar's Trading Trilogy

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v8power
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Re: ProchargedMopar's Trading Trilogy

Postby v8power » Tue Mar 01, 2016 2:40 pm

Good job pro. Never give up

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prochargedmopar
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Re: ProchargedMopar's Trading Trilogy

Postby prochargedmopar » Tue Mar 01, 2016 6:53 pm

Im about to call my monthly engagement with ucad done.
What a crock.

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#1BODY in direction of profit #2INCREASE lot size Obsessively
My Losses cause me Great Laughter!
Trading Bible here> therumpledone/the-ideas-that-i-trade-by-t3256/page1670

v8power
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Re: ProchargedMopar's Trading Trilogy

Postby v8power » Tue Mar 01, 2016 7:04 pm

What made u go long. Looks like a beautiful sell setup

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Re: ProchargedMopar's Trading Trilogy

Postby MightyOne » Tue Mar 01, 2016 8:01 pm

v8power wrote:What made u go long. Looks like a beautiful sell setup


I don't see a long either.

We see a small move to the top of the cone and then price quickly retreats.
There is a quick move to the break-in of the short followed by bearishness.
The last attempt to rally, before breaking the pennant, looks feeble.

USDCADecnH1.png
USDCADecnH1.png (14.67 KiB) Viewed 610 times


But this is not the issue, this issue is very poor money management.

You trade large charts the same way that you scalp small charts:

If $20 is 10 pips on a small chart then $20 is 100 pips on a large chart & you treat 10 pips as if it were a single pip of movement.

1) whip-saw is non-existent
2) accuracy is increased
3) spreads do not matter
4) if price gaps 40 pips over your stop then it is only -4 more pips.
5) stop losses can be MUCH SMALLER, sometimes as small as 3 macros!
6) leisurely close positions for -1 to -3 macros when the trades are not working.

All of these advantages, and more, can be yours if you just stick to the playbook; you are SCALPING the large as you would SCALP the small.
This means that you are trying to bring your risk to zero and take what you can, TRO style.

What is the downside? It takes a lot of time for a trade to complete.
You can use this "loss" of time to your advantage by trading 3 to 5 pairs at the same time; remembering that, because the size of moves have
less impact, you have more time to micro manage several trades.

EURJPYecn.png
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v8power
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Re: ProchargedMopar's Trading Trilogy

Postby v8power » Tue Mar 01, 2016 8:55 pm

MightyOne wrote:
v8power wrote:What made u go long. Looks like a beautiful sell setup


I don't see a long either.

We see a small move to the top of the cone and then price quickly retreats.
There is a quick move to the break-in of the short followed by bearishness.
The last attempt to rally, before breaking the pennant, looks feeble.

USDCADecnH1.png


But this is not the issue, this issue is very poor money management.

You trade large charts the same way that you scalp small charts:

If $20 is 10 pips on a small chart then $20 is 100 pips on a large chart & you treat 10 pips as if it were a single pip of movement.

1) whip-saw is non-existent
2) accuracy is increased
3) spreads do not matter
4) if price gaps 40 pips over your stop then it is only -4 more pips.
5) stop losses can be MUCH SMALLER, sometimes as small as 3 macros!
6) leisurely close positions for -1 to -3 macros when the trades are not working.

All of these advantages, and more, can be yours if you just stick to the playbook; you are SCALPING the large as you would SCALP the small.
This means that you are trying to bring your risk to zero and take what you can, TRO style.

What is the downside? It takes a lot of time for a trade to complete.
You can use this "loss" of time to your advantage by trading 3 to 5 pairs at the same time; remembering that, because the size of moves have
less impact, you have more time to micro manage several trades.

EURJPYecn.png


I read the macro pip thread myself, but feel like the idea never really gained any traction with other memebers or what not. I would love to see some more talk on this idea either in this thread, its original thread or TIITB thread. Im away from my computer and charts for the week, but after that would love to contribute to the topic.

What indicator is that MO. Almost looks like if the crash zone and buy zone had a child.

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prochargedmopar
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Re: ProchargedMopar's Trading Trilogy

Postby prochargedmopar » Tue Mar 01, 2016 9:31 pm

15 micro pip scalp each day?

It could be done. :oops:

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Re: ProchargedMopar's Trading Trilogy

Postby salezyakuku » Tue Mar 01, 2016 9:36 pm

v8power wrote:I read the macro pip thread myself, but feel like the idea never really gained any traction with other memebers or what not.


Macro pip is very important for me. After I spend first 4 month with MP I stoped burning my spaces because I started better read higher time frame and now my stoploss selection is more accurate. Funny is that many times I swich MP trades to space trades and vice versa.
MP is also great for days when I don't have time to manage my space or I don't want to 8) .
I remember that I spoke with someone from kreslik and we both agree that MP is number 1 thread for begginers. Everyone who start forex should start from MP in my opinion. Of course space MM my number ONE.
Most important is what MO wrote about MP:
This strategy pays for Space Wars
8)
Last edited by salezyakuku on Wed Mar 02, 2016 1:04 am, edited 2 times in total.
"I only see my goals, I don't believe in failure 'Cause I know the smallest voices, they can make it major"

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prochargedmopar
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Re: ProchargedMopar's Trading Trilogy

Postby prochargedmopar » Tue Mar 01, 2016 9:43 pm

It could be done.

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#1BODY in direction of profit #2INCREASE lot size Obsessively
My Losses cause me Great Laughter!
Trading Bible here> therumpledone/the-ideas-that-i-trade-by-t3256/page1670

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MightyOne
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Re: ProchargedMopar's Trading Trilogy

Postby MightyOne » Wed Mar 02, 2016 2:02 am


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prochargedmopar
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Re: ProchargedMopar's Trading Trilogy

Postby prochargedmopar » Wed Mar 02, 2016 2:20 am

IMG_20160301_201956.jpg
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#1BODY in direction of profit #2INCREASE lot size Obsessively
My Losses cause me Great Laughter!
Trading Bible here> therumpledone/the-ideas-that-i-trade-by-t3256/page1670

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